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Incentives, when targeted correctly to the right people at the right time for right purpose, work. It invokes “self-interest” of individuals when the value of the incentive is sufficient to overcome any reticent of an individual to NOT do something when the incentive is trying to persuade to YES (or the other way around).
In this case, this is not one of them. AT ALL! Emphasis mine: Sen. Ben Sasse introduced legislation that would reallocate pandemic unemployment benefits into a signing bonus for those who get a job in an attempt to encourage workers back into employment following the disappointing April jobs report. Sasse introduced the plan on Tuesday in an effort to reward those currently collecting unemployment insurance if they secure a job . The legislation comes as the economy blossoms from its pandemic slump, yet employment has lagged. The difference has resulted in an excess of job openings with not enough workers and fears that unemployment benefits are incentivizing workers to stay off the job. Currently, the federal government’s supplemental pandemic unemployment program provides the unemployed $300 per week in federal payments in addition to whatever amount they are receiving in state unemployment. That number is often well above what people would make if working a minimum wage job and can disincentivize employment . Do you know what the REAL incentive is in all this? Very similar to the REAL minimum wage – $0. Nada, nein, nothing, zippo.
Nothing focuses the mind by telling the lazy that Daddy Government has taken the credit card away. Ditto those that made the rational decision to take the ride that Mommy Government offered by setting up the financial DISINCENTIVE to stay home. Even if someone is, perhaps as an example, getting 10% less on by being on the dole, they are getting a huge amount of their weekly time back. It does make sense.
It’s Government’s fault and now Government thinks it can solve it – but entirely the wrong way.
The solution isn’t MORE money, it is zero money. Remove the disincentive to work. Remove the incentive of staying in the Government’s white […]
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They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker